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Benefits of PF

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(Querist)
26 October 2010 what is the tax savings on Employee contribution to PF and what is the annual interest rate for PF?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
26 October 2010 Covered under 80C up to the limit of 1 lakhs. Tax saving depends on the tax range applicable to the employee.

Interest rate 9.5%
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CA Ankit Shah

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CA Ankit Shah (Expert)
26 October 2010 Employer's contribution to PF and interest on PF account, that's benefit to employee.
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